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This banner image features a stylized portrait of Mukesh Ambani, a well-known Indian businessman, placed against a graphic backdrop with blue tones and geometric patterns. To the right, the logo of Reliance Jio—a globe encased in a grid pattern with the Jio logo on top—is prominently displayed, symbolizing the global reach and connectivity of the brand. The overall design merges elements of corporate branding with a modern, graphic style.

Jio Financial Services Aims to Increase Foreign Ownership to 49%

By
Anurag Trivedi

Jio Financial Services seeks shareholder approval to raise foreign investment limits to 49% and transition into a Core Investment Company (CIC). This strategic move will enable the company to expand into asset management, insurance, and more, enhancing its service offerings. Additionally, Jio Financial reports a steady increase in profits, driven by efficient tax management and profitable joint ventures, including a significant collaboration with BlackRock. Shareholders can participate in the decision-making through e-voting from May 24 to June 22.